Land planners unveiled a design scheme that could transform the financially strained military attraction Patriots Point into a mixed-use development and the focal point for the town of Mount Pleasant.
Although lacking on details, the presentation about the 367-acre tract by an urban design firm calls for a "grand harborfront" system of trail and parks stretching along three miles. In an effort to draw locals and visitors, the concept calls for at least 2,000 private homes, a high-end hotel and a "town center" retail format.
Patriots Point is looking at real estate development to generate revenue for preserving its aging warships. The agency spent more than $9 million in a state loan to repair the destroyer Laffey but cannot repay the funds.
Slow zone ahead?
July's container volume at the Port of Charleston rebounded to a level not seen since the financial market meltdown two years ago, but the head of the State Ports Authority cautioned that the uptick might be short-lived.
The SPA handled nearly 74,000 containers in July, a 26 percent increase over a year earlier and the port's best month since October 2008. Jim Newsome, president and chief executive officer, said he expects August and September to show good container numbers, but he warned that volume could taper off in the uncertain months ahead.
Up a notch
South Carolina's jobless rate for July edged up to 10.8 percent from 10.7 percent the previous month, according to new figures from the state Department of Employment and Workforce. It marked the first increase this calendar year, the agency said.
Maverick Equipment Manufacturing Inc., a maker of huge hydraulic hammers that attach to heavy machinery, announced its relocation to Summerville from Rhode Island in a move that's expected to create 71 jobs over five years. The company's capital investment in Dorchester County totaled $1.5 million, according to the state Commerce Department.
Built atop a former landfill, the State Ports Authority's Columbus Street Terminal sinks close to an inch a year. So every 12 years the agency has to build it up again.
The latest round of work will start in October on 54 acres. It should be completed in April at a cost of $20.57 million.